Oregon Deed plays a crucial role in the real estate transactions within the state of Oregon. It is a legally binding document that signifies the transfer of property ownership from one party to another. This detailed description will shed light on the different types of Oregon Deeds, their features, and their significance in real estate transactions. One of the most common types of Oregon Deeds is the Warranty Deed. This deed grants the highest level of protection to the buyer as it guarantees that the property is free from any liens or claims. The seller, known as the granter, makes explicit promises to the buyer, known as the grantee, regarding the property's title quality and ensures that no other party has a legal right to the property. A Warranty Deed also ensures that the granter will defend the grantee's ownership against any future claims. Another type of Oregon Deed is the Quitclaim Deed. Unlike a Warranty Deed, a Quitclaim Deed does not offer any guarantees regarding the title status of the property. Instead, it simply transfers the interest or ownership the granter has in the property to the grantee. This type of deed is commonly used in situations where the parties have an existing relationship or in cases of transferring property within families or divorces. In addition to the Warranty Deed and Quitclaim Deed, Oregon recognizes other specialized variations of deeds. These include the Life Estate Deed, which grants ownership rights to a property for the duration of a person's life, after which it automatically transfers to another designated party named as the remainder man. The Special Warranty Deed, on the other hand, is similar to a Warranty Deed but only protects against title issues during the granter's ownership period rather than the property's entire history. To complete an Oregon Deed, specific information must be included, such as the complete names and addresses of the granter and grantee, a legal property description, and the consideration (e.g., monetary value or "love and affection") exchanged for the property. The deed must be notarized and recorded with the county clerk's office in the Oregon county where the property is located to provide a public record of the ownership transfer. In conclusion, an Oregon Deed is a vital legal document allowing the transfer of property ownership in Oregon. The different types of deeds, including Warranty Deeds, Quitclaim Deeds, Life Estate Deeds, and Special Warranty Deeds, cater to various circumstances and provide different levels of protection to the parties involved. It is crucial to understand the intricacies of each type of deed before engaging in any real estate transaction in Oregon.
Oregon Deed
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Oregon Deeds There are three types of deeds in Oregon: general warranty deed, quitclaim deed, and special warranty deed. A general warranty deed transfers a property from the seller to the buyer with the guarantee that the seller has the right to sell the property and that there are no encumbrances on the title.
Quitclaim Deeds. An Oregon quitclaim deed form transfers whatever interest the current owner holds as of the date of the deed, if any, with no warranty of title. The person signing a quitclaim deed quitclaims the real estate to the new owner, and the new owner bears the risk of title defects.
This information can be accessed through the Division of Assessment, Recording and Taxation's Public Research Room. Online information can be found through their two online databases: MultCoPropTax and MultCoRecords. You can also find basic property information, including ownership information, through Portland Maps .
Oregon Deeds There are three types of deeds in Oregon: general warranty deed, quitclaim deed, and special warranty deed. A general warranty deed transfers a property from the seller to the buyer with the guarantee that the seller has the right to sell the property and that there are no encumbrances on the title.
Since Oregon is a tax deed state, that means the county seizes properties for nonpayment of property taxes and sells them at auction. Starting bids are around the amount of the delinquent property taxes owed, which are a small percentage of the assessed value.
Your deed may be available online (1985 to present). If the deed was recorded prior to 1985, you will need to request it in writing.
Every conveyance, deed, land sale contract, assignment of all or any portion of a seller's or purchaser's interest in a land sale contract or other agreement or memorandum thereof affecting the title of real property within this state which is not recorded as provided by law is void as against any subsequent purchaser ...
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.